On June 9, the U.S. Court of Appeals for the Seventh Circuit affirmed the U.S. District Court for the Northern District of Indiana‘s entry of summary judgment in favor of a defendant debt collector in a claim under Title 15 of the U.S. Code, Section 1692(e) — stating that “mere speculation” that a collection
Troutman Sanders and Pepper Hamilton officially became Troutman Pepper (Troutman Pepper Hamilton Sanders LLP) today, a national law firm of 1,100 attorneys in 23 U.S. offices. Our new firm offers clients greater resources and bench strength, enhanced practices, and expanded geographical reach.
We are now one of the 50 largest law firms in the country,
Authors:
James W. Stevens, Partner, Troutman Sanders
Jacob A. Lutz III, Partner, Troutman Sanders
Mark T. Dabertin, Special Counsel, Pepper Hamilton
Richard P. Eckman, Of Counsel, Pepper Hamilton
Gregory Parisi, Partner, Troutman Sanders
Among growing concern about the long-term implications of Second Circuit’s decision in Madden v. Midland Funding, LLC and
The Supreme Court ruled yesterday that the Consumer Financial Protection Bureau (CFPB) can carry on, despite its unconstitutional leadership structure. The ruling gives the President the freedom to replace a CFPB Director at will. In a 5-4 decision, the Court held that the CFPB’s leadership by a single director removable only for cause was an
Last week, the Washington State Attorney General filed a lawsuit against Convergent Outsourcing, Inc. for sending 75,000 “Settlement Offer” letters to Washington consumers without disclosing that the underlying debt was beyond the statute of limitations. While yet another example of Washington Attorney General Bob Ferguson’s active enforcement of the state’s debt collection laws, the Attorney
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (“COVID-19”). Troutman Sanders and Pepper Hamilton have developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools
States nationwide facing the risks of the coronavirus (“COVID-19”) pandemic are attempting various approaches to fight the disease, such as through social distancing, use of facemasks, increased disinfection of surfaces, and contact tracing. Unfortunately, contact tracing appears to be an effective way not only to fight COVID-19, but also for scammers to steal personal information
Authors:
Ron Raether, Partner, Troutman Sanders
Wynter Deagle, Partner, Troutman Sanders
Sharon Klein, Partner, Pepper Hamilton
Alex Nisenbaum, Partner, Pepper Hamilton
Sadia Mirza, Associate, Troutman Sanders
Sam Hyams, Associate, Troutman Sanders
On June 24, 2020, the California Secretary of State released a memorandum (available here) stating that the California Privacy Rights Act
On June 23, the Consumer Financial Protection Bureau issued an interim final rule (“IFR”) intended to make it easier for consumers to transition out of COVID-19-related financial hardship and easier for mortgage services to assist those consumers. The IFR will become effective on July 1, 2020.
The Coronavirus Aid, Relief, and Economic Security Act (“CARES
Earlier this week, the Supreme Court of the United States declined to review an appellate court ruling that two mortgage companies defrauded a federal mortgage insurance program, leaving them owing nearly $300 million in damages to the United States government.
In August 2019, the United States Court of Appeals for the Fifth Circuit in United